Oman United reports 1.1% growth in H1 earnings | Oman United reports 1.1% growth in H1 earnings -
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Oman United reports 1.1% growth in H1 earnings

: Tuesday, July 15 - 2014 @ 00:22

Oman United Insurance Co (OUIC) has reported a 1.1% growth in net profits during the six-month period ended June 30 to OR2.71m, compared with OR2.68m in the same period last year, despite good growth in underwriting results, Muscat Daily has reported. The increase was attributed to a sharp drop in the company’s investment income, the firm said. The company’s gross underwriting results jumped by 50.2% to OR2.94m from OR1.96m for the same period last year, while net investment income fell 32.8% to OR1.64m, compared with OR2.44m in the first half of 2013.

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Tuesday, July 15- 2014 @ 0:22 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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